Present in over 30 countries, Munich Re Group, which was founded in 1880, operates in all the insurance lines. Its main focus is in Europe and Asia. Munich Re Groups main insurance operations are handled by ERGO Insurance Group-its main subsidiary. ERGO offers comprehensive insurance, provision, and services. In its main market, Germany, the company is the leading insurer in all areas. Other subsidiaries include Munich Health (which is its newest subsidiary) and parlays (risk management and insurance arm) specializing in the healthcare field.
Munich Re Group employs about 45,000 persons, who are engaged in all businesses such as health insurance, marine reinsurance, life reinsurance, aviation reinsurance, property-casualty business, fire reinsurance, liability business, accident reinsurance, and motor insurance. An average annual return of about 3 billion Euros is enough evidence that this is a real force to reckon.
Best Insurance Companies in the World
Insurance is an important aspect of any individual or organization. The above list of top 10 insurance companies in the world enumerates some of the largest and most reliable companies to engage within contracts. To land on the best company, consider the company, rating, their specialization, their financial strength, office proximity, discounts offered, premium rates and above all, refusal of past claims. The companies above have some of the best products and reputation thus one can confidently become their partners in business.